Nucoal calls for Macdonald licence safeguards
The NSW government has been urged to pass laws to protect investors in coalmines tainted by former minister Ian Macdonald just as it has moved a bill designed to save a $2 billion goldmine in legal trouble because of alleged fraud on the corrupt minister’s watch.
NSW last week introduced a bill which would safeguard Newcrest ’s $2 billion Cadia project against legal action over alleged fraud and impropriety in the allocation of its mining licence in 2009 during Mr Macdonald’s reign. The legislation has been attacked by rival miner Gold and Copper Resources, which brought the legal action against Newcrest and the NSW government over the licences.
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